Some Georgians fall behind on their taxes or are unable to pay them in full. When a taxpayer doesn't pay what the IRS believes it is owed, the IRS may place a lien on the taxpayer's assets. When the IRS does this, the lien will apply to all of the assets that the...
Month: July 2017
Avoiding an IRS property seizure
Fears about the consequences of IRS debt are common among Atlanta residents who owe or think they owe a tax bill. Some of the persistent worries deal with the possibility of a tax lien, wage levy or asset seizure. The individual facing possible collections actions by...
Vacation rental income must be disclosed on income tax returns
Many Georgia residents often travel during the summer months, and some choose to rent out their homes while they are away. While renting a residence temporarily can provide an additional and welcome revenue stream, failing to properly record and disclose this source...
What you should know about IRS liens and levies
Some people only have to hear the words “IRS lien” or “IRS levy,” and they break out in a cold sweat. This may be because they are not quite current on their income tax obligations. The Internal Revenue Service does have methods of dealing with recalcitrant taxpayers....
IRS private collectors using some problematic tactics
Partial privatization of tax collections has introduced a serious problem for Georgia residents. In some cases, collections agencies are using their affiliation with the IRS to harass people who alleged to owe the IRS money, and the tactics used are running afoul of...